NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

S&P 500 Prints Signal Seen Before March’s Crash: Will Bitcoin Suffer?

Nick Chong
Nick Chong
1 year ago
3 mins read
Bitcoin price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin’s price action has become increasingly dependent on that of the S&P 500 over recent months.

The correlation is so strong that it has been observed by analysts who do not actively watch the cryptocurrency space, such as a team at JP Morgan. Data shared by analysts suggest the correlation between these two markets is at all-time highs.

Chart of BTC and SPX from TradingView.com

Although some have made the argument that this trend is bullish for Bitcoin, stocks are printing potential reversal signs. Should the correlation continue to hold, any correction in the stock market could spell disaster for cryptocurrencies.

Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH

Bitcoin Could Suffer as U.S. Stocks Print Reversal Signs

Since the lows of March 2020, stocks around the world have marked explosive comebacks. Due to a combination of positive economic indicators, monetary stimulus, and increased retail participation, there are now companies trading higher than they were in February.

Take Amazon, for instance, which passed $3,000 per share earlier this month in a historic fashion. There’s also Tesla, which now has a market capitalization of around $300 billion, making it one of the world’s largest public companies.

Stocks may soon suffer a retracement, though, according to Thomas Thornton. The CEO of Hedge Fund Telemetry, who predicted Bitcoin’s 2019 bottom of $6,400, shared the chart below on Jul. 23. Attached was the comment:

“$SPX and NYSE Composite advance-decline cumulative breadth with upside DeMark sell Countdown 13’s. Price reversals after these signals have been good over the years.”

Image

Chart of Bloomberg's cumulative advance-decline line for the S&P 500 with the TD Sequential from trader Thomas Thornton.

The chart suggests that a derivative of the S&P 500 is printing the exact same sign seen prior to the index’s 40% crash in March 2020.

The Nasdaq has printed a bearish sign of similar importance. Financial research firm Sentimentrader commented earlier this month that the Nasdaq 100 index just printed the exact same signal last formed at the peak of the Dotcom boom:

“The Nasdaq 100 rallied more than 2% intraday to set an all-time high, then reversed to close down by more than 1%. It’s done that twice. Today was one. March 7, 2000 was the other.”

These two indicators are important to Bitcoin as a drop in stocks could ruin the ongoing cryptocurrency breakout to the upside.

The Federal Reserve Will Save the Day? 

Despite these harrowing signs, the Federal Reserve and the U.S. government may be able to prevent another stock market decline.

U.S. Treasury Secretary Steven Mnuchin said this week that the next stimulus bill will start at $1 trillion. And the Federal Reserve is expected to deliberate on more monetary stimulus for the economy in the weeks ahead.

Any move to inject more capital into the economy, either through fiscal or monetary measures, could help boost stocks.

Related Reading: Why Regulators Allowing US Banks to Hold Bitcoin Is So Positive for Crypto
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
S&P 500 Prints Signal Seen Before March's Crash: Will Bitcoin Suffer?
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

Solana is once again in the spotlight after surging past the $240 level, marking a strong recovery and renewed momentum...

Sebastian Villafuerte 1 hour ago
이더리움 강세 속 주목할 알트코인 투자 전략

이더리움 강세 속 주목할 알트코인 투자 전략은?

암호화폐 시장에 또 다른 불안 요인이 떠올랐다. 대규모 디지털 자산을 보유한 일부 기업들이 실적 악화와 함께 재정 압박을 겪으면서, 이들이 보유중인 비트코인이 위험에 처할 가능성이...

Soyeon Lee 2 hours ago
XRP, 대규모 매수 신호…폭발적 상승 기대되는 알트코인은?

리플(XRP), 대규모 매수 신호…폭발적 상승 기대되는 알트코인은?

암호화폐 분석가들이 최근 XRP의 시장 흐름에서 강력한 매수 신호를 포착했다. 이는 조만간 큰 폭의 상승 가능성을 시사한다. 특히 트레이더 알리 마르티네스(Ali Martinez)...

Soyeon Lee 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum potrebbe puntare ai 10.000 $: ecco perché tanti analisti sono ottimisti

Orfeo Barone 32 minutes ago
Dogecoin

Analyst Sets $5 Target For The Dogecoin Price If This Happens

Scott Matherson 44 minutes ago
Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch.

Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch

Aaron Walker 1 hour ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:2021年以来の強気シグナル点灯、1ドル到達への300%上昇も視野に

    ドージコイン...

    3 minutes ago
  • リップル 今後の価格動向:ETF承認で100ドル突破への道筋は開けるか

    リップル...

    16 minutes ago
  • 仮想通貨プレセール最新動向:イーサリアムやカルダノを凌ぐと予測される新興プロジェクト

    ...

    28 minutes ago
  • 仮想通貨おすすめ:第4四半期に注目される新興コインとカルダノ・パイの比較

    ...

    43 minutes ago
  • FRB利下げ後にビットコインが117,000ドル突破、新しい仮想通貨プレセールが注目を集める

    ...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.